SBA Communications Corporation SBAC SPX
Real Estate · REIT - Specialty · United States
SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure. It includes towers, buildings, rooftops, distributed antenna systems (DAS) and small cells. With a portfolio of more than 46,000 communications sites throughout the Americas and in Africa, SBA is listed on NASDAQ under the symbol SBAC. Our organization is part of the S&P 500 and one of the top Real Estate Investment Trusts (REITs) by market capitalization. SBA Communications Corporation was incorporated in 1989 and is based in Boca Raton, Florida.
READ MORE ›$203.16
-10.32% 1Y
Market & Price
Market Cap
$21.55B
Current Price
$203.16
High / Low (52W)
$233.84 / $164.16
Beta
1.02
Valuation
Stock P/E
21.36
Industry PE
26.58
Forward P/E
25.07
PEG Ratio
8.44
Book Value
$-44.80
Price to Book
-4.53
P/S
7.55
EV/EBITDA
20.13
Dividend Yield
2.46%
Profitability & Returns
ROCE
19.32%
ROE
-
ROA
8.57%
Profit Margin
35.66%
Op Margin
52.42%
EPS (Latest Qtr)
$1.74
EPS (TTM)
$9.51
Balance Sheet & Liquidity
Debt/Equity
-
Quick Ratio
0.14
Current Ratio
0.20
Debt
$15.42B
Total Assets
$11.58B
Current Assets
$773.43M
Working Capital
$-1.90B
Ownership
Promoter Holding
0.77%
Chg in Prom Hold
-
FII / Inst Holding
100.93%
Chg in FII Hold
0.00%
Financial Snapshot
Enterprise Value
$36.79B
Total Revenue (TTM)
$2.85B
EBITDA
$1.83B
Free Cash Flow
$-301.85M
Operating Cash Flow
$1.25B
Shares Outstanding
106.06M
Gross Margin
74.19%
Payout Ratio
48.21%
Growth (CAGR)
Revenue 5Y
2.25%
Profit 5Y
31.68%
Revenue (YoY)
5.90%
Earnings (YoY)
-14.70%
PROS
- Excellent profit margin of 35.7%.
- Profit CAGR of 31.7% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
No notable concerns flagged.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | SBAC SBA Communications Corporation SPX | 203.16 | 21.36 | $21.55B | 2.46% | 19.32% | - | 2.25% | 31.68% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
Ad space
Quarterly Results
Figures in USD.
| Metric | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | 27.76M | 26.44M | 31.96M | - | 41.11M | 41.14M | 38.98M | - | 24.71M | 24.82M | 36.17M | - | 43.64M | 51.43M | 53.81M | - | 60.34M | 71.77M | 88.28M | - | 58.25M | 52.36M | 45.10M | - | 29.59M | 34.02M | 41.90M | - | 664.25M | 698.98M | 732.33M | 719.58M | 703.44M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 153.67M | 172.10M | 189.79M | 175.42M | 171.34M |
| Gross Profit | 298.96M | 305.85M | - | 312.39M | 317.95M | 322.48M | - | 342.96M | 341.91M | 350.48M | - | 369.48M | 375.70M | 384.04M | - | 401.55M | 395.72M | 401.42M | - | 418.96M | 439.77M | 449.28M | - | 466.84M | 485.99M | 498.03M | - | 511.21M | 524.25M | 532.77M | - | 519.87M | 519.21M | 517.26M | - | 510.58M | 526.88M | 542.54M | 544.16M | 532.10M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 131.27M | 140.99M | 142.89M | 154.75M | 151.86M |
| Operating Income | 74.07M | 108.21M | 107.43M | 107.82M | 114.59M | 117.01M | 119.08M | 129.97M | 125.87M | 138.01M | 150.32M | 139.27M | 136.45M | 153.85M | 153.92M | 151.20M | 157.05M | 160.34M | 165.10M | 173.58M | 199.76M | 211.78M | 197.38M | 216.78M | 230.98M | 242.99M | 234.66M | 224.14M | 241.23M | 248.60M | 209.69M | 323.36M | 354.47M | 375.60M | - | 379.31M | 385.90M | 399.65M | 389.41M | 380.24M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 437.47M | 451.61M | 486.69M | 635.33M | 446.63M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 112.50M | 120.89M | 120.72M | 122.66M | 129.30M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 259.93M | 260.75M | 289.08M | 432.28M | 236.01M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 42.02M | 35.06M | 48.65M | 61.85M | 51.11M |
| Net Income | 32.71M | -15.37M | 5.26M | 37.60M | 9.23M | 49.16M | 7.66M | 31.55M | -57.39M | 16.14M | 57.15M | 25.99M | 31.97M | 21.68M | 67.35M | -127.06M | 22.81M | 22.57M | 105.78M | -11.74M | 152.67M | 47.80M | 48.90M | 188.62M | 69.52M | 100.01M | 103.28M | 101.22M | 203.65M | 87.42M | 109.53M | 154.54M | 162.83M | 258.53M | - | 220.73M | 225.79M | 236.82M | 370.29M | 184.83M |
| Diluted EPS | 0.26 | -0.12 | 0.04 | 0.31 | 0.08 | 0.41 | 0.06 | 0.27 | -0.50 | 0.14 | 0.50 | 0.23 | 0.28 | 0.19 | 0.59 | -1.14 | 0.20 | 0.20 | 0.94 | -0.11 | 1.37 | 0.43 | 0.44 | 1.72 | 0.64 | 0.91 | 0.94 | 0.93 | 1.87 | 0.80 | 1.01 | 1.42 | 1.51 | 2.40 | - | 1.77 | 2.09 | 2.20 | 3.47 | 1.74 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | 104.50M | 125.26M | 153.79M | 128.67M | - | 2.63B | 2.71B | 2.68B | 2.82B |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 668.65M | 612.62M | 581.73M | 690.97M |
| Gross Profit | - | - | - | - | 674.58M | 896.61M | 1.10B | 1.19B | 1.21B | 1.28B | 1.40B | 1.52B | 1.61B | - | 1.96B | 2.10B | 2.10B | 2.12B |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 969.43M | 984.25M | 528.27M | 569.90M |
| Operating Income | 45.58M | 54.95M | 74.27M | 110.66M | 147.15M | 229.65M | 336.52M | 312.46M | 387.31M | 458.50M | 544.17M | 583.49M | 633.69M | - | 995.38M | 1.11B | 1.57B | 1.55B |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.63B | 1.70B | 1.47B | 2.01B |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 399.89M | 436.24M | 427.44M | 476.77M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 525.84M | 548.50M | 772.67M | 1.24B |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 66.04M | 51.09M | 23.99M | 187.58M |
| Net Income | -67.16M | -140.87M | -194.67M | -126.46M | -181.04M | -55.91M | -24.30M | -175.66M | 76.24M | 103.65M | 47.45M | 146.99M | 24.10M | - | 461.43M | 501.81M | 749.54M | 1.05B |
| Diluted EPS | - | - | - | - | - | - | -0.19 | -1.37 | 0.61 | 0.86 | 0.41 | 1.28 | 0.21 | - | 4.22 | 4.61 | 6.94 | 9.80 |
Compounded Sales Growth
| 5 Years: | 2.25% |
| 1 Year: | 5.90% |
Compounded Profit Growth
| 5 Years: | 31.68% |
| 1 Year: | -14.70% |
Stock Price Performance
| 1 Year: | -10.32% |
| 6 Months: | +6.46% |
| 3 Months: | +2.30% |
| 1 Month: | -5.36% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2007 | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 3.31B | 3.40B | 3.61B | 6.62B | 6.78B | 7.84B | 7.31B | 7.36B | 7.32B | 7.21B | 9.76B | 9.16B | - | 10.59B | 10.18B | 11.42B | 11.58B |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 482.73M | 484.27M | 1.98B | 773.43M |
| Cash & Equivalents | 70.27M | 78.86M | 161.32M | 64.25M | 47.32M | 233.10M | 122.11M | 39.44M | 118.04M | 146.11M | 68.78M | 143.44M | 108.31M | 308.56M | - | 143.71M | 208.55M | 189.84M | 264.57M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 184.37M | 182.75M | 145.69M | 171.26M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.83B | 15.31B | 16.47B | 16.35B |
| Current Liabilities | - | - | 158.72M | 130.58M | 126.88M | 863.69M | 747.67M | 331.05M | 273.37M | 873.45M | 278.90M | 1.21B | 1.05B | 614.80M | - | 696.76M | 1.36B | 1.80B | 2.68B |
| Long Term Debt | - | - | 2.46B | 2.83B | 3.35B | 4.88B | 5.39B | 7.83B | 8.43B | 8.15B | 9.29B | 9.00B | 9.81B | 11.07B | - | 12.84B | 11.68B | 12.40B | 10.96B |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 15.17B | 14.46B | 15.76B | 15.32B |
| Total Equity | - | 650.51M | 599.95M | 317.11M | -11.31M | 652.99M | 356.97M | -660.80M | -1.71B | -2.00B | -2.60B | -3.38B | -3.67B | -4.82B | - | -5.28B | -5.17B | -5.11B | -4.85B |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 108.00M | 108.05M | 107.56M | 105.67M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 173.70M | 222.57M | 201.14M | 249.06M | 340.91M | 497.59M | - | 723.03M | 742.52M | 818.47M | 850.62M | 970.04M | 1.13B | - | 1.29B | 1.54B | 1.33B | 1.29B |
| Investing Cash Flow | -580.55M | -229.07M | -425.04M | -507.89M | -2.28B | -826.52M | - | -737.07M | -428.24M | -605.11M | -618.35M | -947.16M | -446.37M | - | -1.39B | -468.25M | -809.31M | -601.83M |
| Financing Cash Flow | 415.44M | 88.98M | 126.82M | 242.05M | 2.12B | 220.16M | - | 75.75M | -288.56M | -294.57M | -148.54M | -62.31M | -469.02M | - | -135.47M | -1.02B | 645.74M | -1.66B |
| Capital Expenditure | -36.17M | -46.74M | -66.62M | -126.94M | -113.27M | -168.89M | -211.25M | -208.71M | -139.98M | -147.04M | -149.81M | -154.24M | -128.57M | - | -214.44M | -236.70M | -228.15M | -224.82M |
| Free Cash Flow | 137.53M | 175.83M | 134.52M | 122.12M | 227.65M | 328.69M | - | 514.32M | 602.54M | 671.43M | 700.81M | 815.81M | 997.47M | - | 1.07B | 1.31B | 1.11B | 1.07B |
| Net Change in Cash | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -243.43M | 58.93M | 1.17B | -974.08M |
| Share Buybacks | 120.00M | 51.72M | 107.43M | 225.07M | - | - | - | 450.07M | 545.69M | 854.53M | 795.58M | 466.98M | 859.34M | 582.58M | 431.67M | 100.01M | 200.02M | 497.81M |
| Dividends Paid | - | - | - | - | - | - | - | - | - | - | - | 83.39M | 207.69M | 253.58M | 306.77M | 369.96M | 424.19M | 479.01M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2008 | Dec 2009 | Dec 2010 | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | 1,226.2% | 1,115.2% | 989.4% | 1,248.7% | - | 74.6% | 77.4% | 78.3% | 75.5% |
| Operating Margin % | - | - | - | - | - | - | - | - | - | 438.8% | 434.4% | 379.4% | 492.5% | - | 37.8% | 41.1% | 58.6% | 55.2% |
| Net Margin % | - | - | - | - | - | - | - | - | - | 99.2% | 37.9% | 95.6% | 18.7% | - | 17.5% | 18.5% | 28.0% | 37.4% |
| ROE % | -10.3% | -23.5% | -61.4% | 1,117.8% | -27.7% | -15.7% | 3.7% | 10.3% | -3.8% | -4.0% | -1.4% | -4.0% | -0.5% | - | -8.7% | -9.7% | -14.7% | -21.7% |
| ROCE % | - | 1.7% | 2.3% | 3.2% | 2.6% | 3.8% | 4.5% | 4.4% | 6.0% | 6.5% | 9.1% | 6.7% | 7.4% | - | 10.1% | 12.6% | 16.3% | 17.5% |
Shareholding Pattern
Insiders
0.77%
Institutions
100.93%
Public Float
101.71%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Dodge & Cox Inc. | 11.39% | 12.08M | $2.45B |
| 2 | Blackrock Inc. | 9.54% | 10.12M | $2.06B |
| 3 | Vanguard Portfolio Management LLC | 9.15% | 9.71M | $1.97B |
| 4 | Vanguard Capital Management LLC | 6.53% | 6.92M | $1.41B |
| 5 | State Street Corporation | 4.68% | 4.96M | $1.01B |
| 6 | JPMORGAN CHASE & CO | 3.69% | 3.91M | $794.97M |
| 7 | Geode Capital Management, LLC | 2.97% | 3.15M | $639.86M |
| 8 | Cohen & Steers Inc. | 2.95% | 3.13M | $636.55M |
| 9 | Invesco Ltd. | 1.85% | 1.96M | $399.00M |
| 10 | Diamond Hill Capital Management Inc | 1.82% | 1.93M | $393.01M |
Analyst View
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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